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Technical Analysis of $SUI/USDT
Date: May 4, 2025
Exchange: Binance
Timeframe: 1-Day

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Chart Structure
Falling Wedge
A bullish falling wedge pattern formed, validated by a breakout above the upper trendline at $2.50, followed by a strong bullish move.

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Price Action & Trend
Current Price: $3.25
Price surged to a resistance zone ($3.80–$4.00) and is now retracing, potentially consolidating or retesting support.

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Key Levels
Type Price Description
Resistance $3.80–$4.00 Major supply zone
Support $3.00 Psychological level; breakout retest
Support $2.50 Breakout point
Support $1.68, $1.41 Long-term demand zones

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Trend Outlook
Trend: Bullish (medium-term)
Momentum: Healthy, corrective phase
Structure: Potential higher low forming above $3.00, supporting further upside.

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Strategy

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Bullish Case
Holding $3.00–$3.10 may lead to a retest of $3.80–$4.00. A breakout above $4.00 targets $4.50–$5.00.

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Bearish Case
Failure to hold $3.00 could lead to a correction toward $2.50 or $1.68–$1.41.

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Risk Management
Monitor volume and bullish candles near support. Favorable risk-reward near $3.00, with invalidation below $2.90. Avoid entries near resistance without a confirmed breakout.

#zentracrypto #zentracryptosignals

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Conclusion
The $SUI/USDT breakout signals bullish momentum. Maintaining support above $3.00 is key for continuation, offering a good risk-reward setup. Caution is advised near $4.00 resistance.